Palantir Technologies Inc. (NYSE: PLTR) has had a standout year in 2024, emerging as a key player in the artificial intelligence (AI) space. The company's platforms—Gotham, Foundry, Apollo, and AIP—have driven investor interest, showcasing Palantir's strength in AI innovation.
One of Wall Street's hottest AI stocks may get another boost. Is now the time to buy?
In the most recent trading session, Palantir Technologies Inc. (PLTR) closed at $43.52, indicating a +0.9% shift from the previous trading day.
Palantir stock has gotten a bump from S&P 500 inclusion. That hasn't been the case for many of the S&P 500 additions in 2024.
Palantir's technical indicators show potential consolidation at $46, with an optimistic target of $55. With an 80% chance of a positive return in October, Palantir's seasonality trends support further upside. Palantir secured a major contract with the U.S. Army, expanding its defense sector footprint and AI capabilities.
Palantir Technologies (PLTR) takes up an 8.7% stake in Faraday Future to extend its 2024 boom into the EV segment.
Revenue at both companies has taken off
There's a saying that stocks don't move in one direction all the time. Palantir Technologies Inc. NYSE: PLTR is testing the logic behind that saying.
The company is betting on its Artificial Intelligence Platform to fuel growth.
Palantir is one of Wall Street's hottest artificial intelligence stocks. It's also one of the most expensive.
Palantir Technologies Inc (NYSE:PLTR) is nearing a significant milestone after a stellar year-to-date with its market capitalisation approaching $100 billion. It is currently valued at just shy of $97 billion.